Breakout Stocks: 5 Micro Cap Miners Smashing Past Their 50-Day Moving Averages

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1. Brilliant Resources Inc. (TSXV: BLT)

Brilliant Resources Inc. (Brilliant) is a Canada-based exploration company engaged in the acquisition, exploration, development and mining of mineral properties. The Company’s projects include Equatorial Guinea, Africa and Michikamau Project, Canada. The Equatorial Guinea project consists of 3,900 square kilometers of area with mineral potential, including petroleum, gold, base metals, iron ore, diamonds, tantalite, bauxite and platinum-group elements.

Market Cap: $32,756,231.99

% Above 50D SMA: 93%
% Above 200D SMA: 93%

30-Day Price Change: 238%

2. Rare Element Resources Ltd. (TSX: RES)

Rare Element Resources Ltd. (Rare Element) is an exploration-stage company. The Company is focused on exploration and development of rare-earth element deposits. The Company is advancing development of the Bear Lodge Rare Earth Element Project (Bear Lodge REE Project) located near the town of Sundance in northeastern Wyoming, United States on the Bear Lodge Property.

Market Cap: $47,527,563.80

% Above 50D SMA: 86%
% Above 200D SMA: 9%

30-Day Price Change: 138%

3. Novo Resources Corp. (CSE: NVO)

Novo Resources Corp. is a Canada-based exploration company. The Company evaluates, acquires and explores gold properties. The Company has the right to earn a 70% interest in the approximately 1,800 square kilometer Pilbara Paleoplacer Gold Project, which includes the Beatons Creek and Marble Bar paleoplacer gold projects in Western Australia from the Creasy Group and a right to earn a 70% interest in the approximately 10 square kilometer Beatons Creek Tenements, also in Western Australia, from Millennium Minerals Ltd.

Market Cap: $86,161,829.09

% Above 50D SMA: 43%
% Above 200D SMA: 30%

30-Day Price Change: 69%

4.Tinka Resources Corp. (TSXV: TK)

Tinka Resources Limited is a Canada-based junior mineral exploration company engaged in the acquisition and exploration of precious and base metals on mineral properties located in Peru. The Ayawilca project is a zinc sulphide system, located in the community of Yanacocha, within the district of Yanahuanca, province of Daniel Alcides Carrion. The Colquipucro project is located in the community of Pillao, within the district of San Pedro de Pillao, province of Daniel Alcides Carrion.

Market Cap: $35,831,604.03

% Above 50D SMA: 32%
% Above 200D SMA: 29%

30-Day Price Change: 35%

5. Gold Canyon Resources Inc. (TSXV: GCU)

Gold Canyon Resources Inc. is a mineral exploration company engaged in the acquisition, exploration and development of precious and rare metal properties. The Company has its projects in Canada and the United States. Its projects include the Springpole Gold Property (Springpole), the Horseshoe Island Property and the Favourable Lake Property.

Market Cap: $27,986,959.24

% Above 50D SMA: 31%
% Above 200D SMA: -25%

30-Day Price Change: 59%

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